It is an account opened for an under-aged individual (minor) by the parents/guardians of the minor, or by a court order. It is intended to encourage parents/guardians to save money in the name of their children for future use.


  • The minimum initial deposit shall be  Birr 25.00
  • Valid ID card, a church certificate, a municipality certificate, or a certificate from a hospital, etc. that gives the date of birth of the minor; and
  • Address of the applicant/guardian.
  • Two passport size photographs of the guardian and minor

Product Features

  • The account is operated by passbook
  • The Bank pays attractive interest
  • Withdrawal of fund with restriction.
  • Change to normal saving when the age of the minor reaches 18 years
  • The account might be changed to ordinary saving at the age of 14 years